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Press Release

MDC Corporation Inc. Hosts Conference Call Announcing Financial Results For Third Quarter Ended September 30th, 2003

TORONTO, Ontario (October 24, 2003) -MDC Corporation Inc. (“MDC”) of Toronto will announce its third quarter 2003 results Thursday, October 30th, 2003. On that day, MDC will conduct a conference call with media and the investment community to detail the company’s financial performance.

The conference call will begin at 4:00pm EST, and will be accessible by dialing 416-640-4127 or Toll Free 1-800-796-7558.

Please ask the operator for the “MDC Conference with Miles S. Nadal”. To ensure proper connection, it is advised to call ten minutes prior to start time.

A recording of the conference call will be available until Thursday, November 6th by dialing 416-640-1917 or 1-877-289-8525 (Code #21023910), or by visiting our Web site at www.mdccorp.com

About MDC Corporation Inc. (“MDC”)

MDC Corporation Inc. is one of the world’s leading marketing communications firm, providing services in the United States, Canada and the United Kingdom. Through its network of entrepreneurial firms, MDC services include advertising and media, customer relationship management, and marketing services. MDC also offers security-sensitive transaction products and services through its Secure Transactions Divisions. MDC Class A shares are traded on the Toronto Stock Exchange under the symbol MDZ.A and on NASDAQ National Market under the symbol MDCA.